SunSirs: China Corrugated Paper Market slightly Up, Short-term Stable and Narrow Adjustment

According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of corrugated paper has remained stable with small fluctuations recently, with a slight upward adjustment. On July 17, 2025, the average ex factory price of 140g corrugated paper was 2,572 RMB/ton, an increase of 0.47% compared to the average price on July 6.

In terms of upstream raw materials: Recently, the price of waste paper in Zhejiang region has shown an upward trend, with domestic paper mill waste paper prices rising more and falling less. On July 17, 2025, the average purchase price of A-grade waste yellow board paper in Zhejiang region was 1,512 RMB/ton, an increase of 1.34% compared to the average price on July 6. Recently, the price of waste paper has returned to an upward trend. Against the backdrop of heavy rainfall, the pace of waste paper recycling has slowed down, affecting the amount of yellow cardboard recycling and causing a slight shortage in supply. However, the demand from paper mills has not yet fully recovered, and the prices of waste paper are often adjusted according to demand. Recently, there have been frequent price increase letters from leading paper mills, which have supported the prices of waste paper.

On the supply side: Currently, production enterprises are operating stably, and inventory in the corrugated paper industry continues to run at a high level, with supply pressure still present. Some small and medium-sized paper mills have reduced their reliance on power due to losses, in order to alleviate inventory pressure. The slight increase in raw material waste paper prices may to some extent suppress the decline in paper prices and boost market confidence.

On the demand side, due to the pressure of raw material costs and the price increase of large-scale paper enterprises, the price of corrugated paper has slightly increased. However, downstream packaging companies have limited demand for raw paper, so many market participants hold a bearish attitude towards the future market. At present, the downstream is in the low consumption season, and it is still a long time before the Mid-Autumn Festival peak season demand improves. However, the frequent price increase letters from leading paper mills regarding corrugated paper in recent times will have a slight positive impact on the market's future trend.

The paper analyst from SunSirs believes that there is no significant reduction in the supply side of the corrugated paper market at present, and downstream packaging companies are more cautious in their procurement. The market trading atmosphere is relatively average. Although leading paper mills have issued frequent price increase letters, the overall increase in paper prices is still difficult due to weak terminal consumption, and it is necessary to observe the implementation of price increases. It is expected that the price of corrugated paper will remain stable with a narrow range of adjustments in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.